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In early November, both the Nasdaq 100 and S&P 500 decisively broke free from their multi-month downtrend channels, initiating a robust upward trajectory. This momentum sustained until they encountered their previous 2023 peaks, recorded in late July. Although both indices managed to eke out new highs, the momentum has somewhat plateaued recently. What we're observing seems to be a consolidation phase, likely a breather after the indices became somewhat overextended in the short term. This week we are going with a neutral double diagonal on Caterpillar (CAT) and a bull put spread on McKesson (MCK). Read More

Last week, major U.S. stock indexes experienced varied gains: the S&P 500 increased by 0.81%, the Dow Jones Industrial Average rose by 2.60%, and the Nasdaq Composite saw a modest gain of 0.07%. In the commodities market, oil prices continued a downward trend, while gold prices exceeded $2,000. As the year progresses, the market's direction will likely be influenced by evolving economic conditions, with investor optimism growing due to a recent cooling in inflation. This has led to hopes that the Federal Reserve may pause its interest rate hikes. Historically, November and December have shown strong performance in the stock market, suggesting potential for further gains. This week we are going with a neutral double diagonal on Union Pacific (UNP) and a bull call spread on Eaton Corp. (ETN). Read More

We trust you all enjoyed a wonderful Thanksgiving break. As we return to the trading floor, let's gear up for a week of strategic moves. This weeks plan includes executing a neutral double diagonal on Advanced Micro Devices (AMD), paired with a bear put spread on Amazon.com (AMZN). Read More

We only have one roll this Friday. Please keep in mind that markets close at 1:00 PM Eastern Time. Enjoy the rest of your Thanksgiving holiday! Read More

Last week marked a significant milestone for the S&P 500, as it notched its third consecutive week of gains. This robust rally has propelled the index nearly 10% above its October lows, mirroring the historical fourth quarter strength typically observed in the markets. With this encouraging trend, we remain hopeful for a strong finish to the rest of the year. This week we are going with our double diagonal star Constellation Brands (STZ) and a bull call spread on UnitedHealth Group (UNH). On a side note, markets are closed on Thursday for Thanksgiving and they will close early on Friday at 1:00 PM Eastern Time. Have a Happy Thanksgiving! Read More

PTC Inc. (PTC) has realized significant profits. Given that the long positions in our PTC trade are set to expire in December, it's a strategic move to close out the trade now and secure our gains. Read More

We've initiated five rolls to kick off November's expiration month. It seems that we'll be publishing another set of rolls tomorrow, marking it part 2. Additionally, there's optimism about a total of seven trades expiring with significant profits. We'll have more data to work with by tomorrow. Read More